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SUBSEQUENT EVENTS
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3 Months Ended | |
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Mar. 31, 2015
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| Subsequent Events [Text Block] |
NOTE I – Subsequent Events
The Company completed the 2015 Private Placement in April 2015, raising gross proceeds of $ 10 million. The second and final closing was on April 10, 2015, at which the Company sold, net of cancelations, 10,125,000 units, with each unit consisting of one share of common stock and a five-year warrant to purchase one share of common stock at an exercise price of $0.75 per share, for gross proceeds of approximately $ 5.1 million.. The transactions related to the second close will be reflected in our financial statements as of and for the period ended June 30, 2015. Please see Note E for a description of the 2015 Private Placement.. |
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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